Analyst estimates before today were closer to $120 million. JB says there's a price war going on in electronics, fighting to increase market share against competitors and selling many items at very, very low margins.

JB shares closed down more than 6 per cent at $10.04. That's the lowest close in about three years and it dragged other retailers like Harvey Norman, which was also engaged in that price war and also Myer.

They were both down between 2 and 3 per cent.

MARK COLVIN: Sounds like Biotech's got a bit of a bounce in it.

MICHAEL JANDA: Yes ResMed, which makes sleep apnoea treatments, reported very good quarterly earnings. It's also listed on the New York stock exchange where they do report quarterly earnings, and it had record revenue as well of $US 349 million. That saw analysts raise their forecasts and its shares were up 6 per cent to $3.26.

MARK COLVIN: Printing company PMP saw its shares surge. Why was that?

MICHAEL JANDA: Well it's received a takeover offer and in fact market shares jumped almost 150 per cent today. That's more than doubling and the takeover offer was 68-78 cents a share. There's no name behind who's made the bid.

The company's just said it's a very conditional and non-binding takeover offer. Company shares up 37 cents to 62 cents by the close - a huge rise.

MARK COLVIN: Very briefly, commodities and currencies?

MICHAEL JANDA: West Texas crude oil at US$104 and a half a barrel, gold around US$16.55 an ounce, and the Australian dollar at 103.9 US cents.